Capital introduced
One new small i.t. assess the source of income repairs works as a Goldsmith works for the last 5 years works.
Assess net income rs.3,20,000/- shown in f.y.2019-2020 above taxable limit income.
Question:
first-time i.t.return filing person how much amount capital and cash on hand introduced as on 01-04-2019 shown in balance sheet i.t.returns in f.y.2019-2020 under i.t.act.
Answer the question
It is depends on Assets Introduced into business and Cash Position from the previous records. In case of more clarification, please feel free to call on 91-9910765030.